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Who Killed GM?

Pareene · 06/01/09 10:29AM

General Motors is bankrupt. Whoops. It was probably going to happen no matter what, but lots of people hoped that bankruptcy would remain a threat that would encourage everyone to band together to save the company. Who is to blame for the death of the American auto industry?

Tesla Motors Moneyman Revs His Mouth on Camera

Owen Thomas · 05/12/09 12:46PM

Morgenstern runs Valor Equity Partners, which led a $40 million investment in Tesla in February 2008 and controls a seat on the board. The badly mismanaged electric-car startup quickly blew through Valor's money; by October, it was down to $9 million in cash. Despite raising more money from investors, Tesla is running on fumes, and collecting deposits for its Model S electric sedan, a car which exists only as a barely drivable quasi-prototype. Tesla requires hundreds of millions of dollars more than it has to make the Model S a reality — which is why Morgenstern's talk of new money is so interesting.

American Autos are King Again!

Hamilton Nolan · 04/28/09 11:32AM

The Way We Live Now: Rollin on Dubs. You can't keep the US auto industry down! Unless "you" are a superior foreign competitor. But if "you" are bankruptcy, forget it. USA car companies are back!

Which Whiny Actor Will Only Travel By Golf Cart?

Richard Lawson · 04/23/09 08:31AM

Today we have a star who uses a big name at hotels, a TV actor who's a terrible diva about learning his lines, and a movie star who's a terrible diva about walking.

Money Can't Buy Elon Musk Love

Owen Thomas · 04/06/09 02:17PM

Why has Justine Musk, the estranged wife of the CEO of Tesla Motors, spoken out about their divorce and his new fiancée? It might have something to do with money, and Elon Musk's lack thereof.

At Least the Ultra-Rich Still Have Ferraris

Hamilton Nolan · 03/31/09 09:07AM

"This is a tough time for the very wealthy," begins a story about how "ultra-luxury" auto brands are confident that their customers will survive. Meanwhile, the American dream is now "to be a renter!"

Tesla CEO Says GE's an Investor, but GE Says No

Owen Thomas · 03/30/09 05:33PM

Musk, apparently eager to give the magazine an exclusive and reassure buyers who must put down a sizeable $40,000 deposit for a car that they won't see until 2011 at the earliest, said that GE Capital was an investor:

American Idol: Motown's Just a Fancy Name for Detroit

Richard Lawson · 03/26/09 11:48AM

I think Motown is my least favorite of the Idol theme nights. The songs have all been sung too many times, they almost always sound dated, and it's racially embarrassing. Last night was no exception.